Change - S P Setia Berhad

54
Annual report 2008
Corporate Governance Statement
The Group maintains the following website that allows all shareholders and investors access information about the Group:
• www.spsetia.com.my
Any queries or concerns relating to the Group may be conveyed to the following persons:
(i)
Tan Sri Dato’ Hari Narayanan a/l Govindasamy,
Chairman of the Audit Committee
Telephone Number : 03-20351788
Fax Number : 03-26927187
(ii)
Lee Wai Ngan
Chan Toye Ying
Company Secretaries
Telephone Number : 03-21615466
Fax Number : 03-21636968
D. ACCOUNTABILITY AND AUDIT
Financial Reporting
In presenting the annual audited financial statements and quarterly announcement of results to shareholders, the Directors aim
to present a balanced and understandable assessment of the Group’s position and prospects. The Audit Committee assists the
Board by reviewing the information to be disclosed, to ensure completeness, accuracy and adequacy prior to release to Bursa
Securities and Securities Commission.
Internal Control
The Statement on Internal Control set out on page 60 of this Annual Report provides an overview of the state of internal controls
within the Group.
Relationship with Auditors
The Board via the Audit Committee, maintains a formal and transparent professional relationship with the Group’s auditors, both
internal and external. The role of the Audit Committee in relation to the auditors is described in the Audit Committee Report set
out on page 56 to page 59 of this Annual Report.
Directors’ Responsibility Statement
The Directors are required by the Companies Act, 1965 to prepare financial statements for each financial year which have been
made out in accordance with the provisions of the Act and applicable approved accounting standards and give a true and fair
view of the state of affairs of the Group and Company at the end of the financial year and of the results and cash flows of the
Group and Company for the financial year.
The directors are satisfied that in preparing the financial statements of the Group and of the Company for the financial year ended
31 October 2008, the Group has used the appropriate accounting policies and applied them consistently. The directors are also
of the view that relevant approved accounting standards have been followed in the preparation of these financial statements.